This week’s announcements scaling back the small business tax package announced in July are a step in the right direction, but much more is needed if Canadian businesses are to compete, says the Canadian Chamber of Commerce.

“The changes announced this week are a relief to the business community, but business owners are still alarmed since much still remains to be defined. It’s time we had a conversation about taxes in Canada, and the Senate Standing Committee on National Finance’s hearings, which will take place across the country in the next few weeks, are the perfect starting point,” said Mr. Beatty.

The Canadian Chamber of Commerce welcomes the government’s changes to its proposals for taxing passive investment, but continues to wait for details yet to be revealed. The new proposal announced today by Finance Minister Bill Morneau is a response to concerns expressed by the Canadian Chamber network and its members.

The Canadian Chamber of Commerce welcomes the government’s plans to revise its proposed tax reforms and to reduce the small business tax rate as a result of the comments and concerns expressed through the #ProtectGrowth campaign and in consultations.

Ottawa, October 6, 2017—Today’s ruling to add massive additional duties to the unreasonable tariffs already assessed against Bombardier is the latest in a series of tactics to limit competition and weaken Canada’s aerospace leader, says the Canadian Chamber of Commerce.

Ottawa, October 3, 2017 — Although the formal consultations on the proposed tax changes came to an end last night, the Canadian Chamber of Commerce will continue to provide a voice for concerned small business owners and entrepreneurs.

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